Wednesday, 9 December 2015

Mobile Industry and Internet of Things Set to Boost European GDP

The small and large companies that make Europe work already know how important mobile technology is to business success. We imagine they are very pleased with the latest GSMA (GSM Association) report that paints an even brighter future for mobile commerce. According to the report, both 4G technology and the Internet of Things (IoT) will be increasing their contributions to European GDP through until 2020.

The GSMA says the mobile industry will be contributing 20% more to European economies four years from now as more and more subscribers are switched to 4G platforms. In terms of raw numbers, the amount of money the mobile industry contributes to GDP will rise from €500 billion to €600 billion, according to the GSMA report. Furthermore, 4G platforms will account for as much as 60% of the total mobile communications traffic over the next 4 to 5 years. The GSMA expects 95% of mobile users to have access to 4G coverage by the end of the decade.

Europe is already the world leader in mobile data communications and IT services for mobile subscribers. Users in Europe enjoy faster download speeds and greater access to data and mobile applications than users in any other part of the world – including North America. There is no reason to believe that this will change in light of the investments the mobile industry continues to make.

The IoT Connection

The future of mobile communications is clear from the GSMA report. But how does the IoT tie into all of this? By networking together mobile devices and just about anything else that is connected to the internet. The GSMA report cites connected cars as just one example.

A number of mobile solution providers have adopted the GSMA Embedded SIM Specification for M2M, a technology that can be easily modified and adapted for use with smart meters and connected cars in a vehicle-sharing platform. By connecting smartphones and cars, users would be offered easy and instant access to transportation in city environments along with the ability to do everything that needs to be done to secure a car via their smartphones.

Some of that capability already exist on a somewhat limited scale. However, it is a piecemeal situation utilising a combination of mobile data communications and GPS monitoring. Connecting cars and smartphones through a single 4G platform makes the process more efficient and quite a bit faster.

Better Mobile Technology Improved GDP

If there is any doubt that mobile technology is the economic engine of the future, the recent GSMA report should put any such questions to bed. We now live in a day and age in which mobility reigns supreme in everything from commerce to education to self-improvement. And as mobile data communications improve, the IoT will be part of that.

From IT services to personal networking, mobility is advancing at breakneck speed. If the GSMA is right, mobility will have a substantial economic impact across Europe for years to come. It will be exciting to watch it unfold.


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